SECAUCUS -- Rumors are circulating that Thomas Considine, CEO of Meadowlands Hospital Medical Center, will be leaving his position after only three months.

Taking over the for-profit hospital on May 1, Considine announced a number of initiatives to address financial and other concerns, including a staff reduction equivalent to 100 jobs in order to bring the staff-to-patient ratio to acceptable levels.

Considine, the former banking and insurance commissioner for the state of New Jersey, took office with the understanding that he would have “full executive authority at the hospital, and a free hand to make the changes he believes necessary,” according to a statement from Richard Lipsky, Meadowlands’ co-owner and board chairman. However, The Star-Ledger reports that Considine found himself in conflict with Lipsky over some of his decisions, and recently asked to be relieved of his responsibilities as CEO.

The paper goes on to state that Considine, who holds a three-year contract with MHA, LLC, the group that owns the hospital, is negotiating a new consulting role involving the hospital’s self-insurance plan.